I posted early forex rates here a good few hours ago:
and then an update:
Other markets finally getting their *** into gear and opening now:
- S&P500 emini futures (Globex trade) opening up more than half a percent
- Oil futures up very small too (brent +0.1%)
- UST note futures down 2/32
- gold down a few dollars, circa 1343-odd as I update (chopping around the big figure)
In my earlier post I wrote:
Long story short is the impact of the US, UK & France air strikes on Syria over the weekend on rates has been very limited - likely accounted for by:
- The passage of time (nearly 48 hours ... an eternity in markets it seems)
- And the 'limited' and a 'one-time shot' (US description of the strikes) nature of the strikes
- the extended build up of expectations (and therefore currency hedges/positioning) in the week prior
More of the same happening now
ps. FX update, little change
Going into the day ahead - focus off Syria for now and onto trade issues, US politics (DOJ investigations).
And, as I update .... oil prices down now
